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Payroll Calculation - Non cash taxable compensation.

Posted By Bushman 9 months ago

How would I set up a payroll calculation to assign compensation without hitting net pay, such as the personal use of a corporate vehicle?

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[email protected] 9 months ago in reply to [email protected] +1

0 [email protected] 9 months ago

I'm attaching a screen shot of my calculation.
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0 [email protected] 9 months ago

I'm attaching a screen shot of my calculation.
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0 [email protected] 9 months ago in reply to [email protected]
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0 Bushman 9 months ago in reply to [email protected]

Thank you so much Kathy!
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0 Ralls Pennington 9 months ago in reply to [email protected]

Kathy, would this setup be reported in box 1 of the w2? I am trying to setup something similar for Scorp owner health insurance premiums paid by the company.
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0 [email protected] 9 months ago in reply to Ralls Pennington

This is included in the box 1 wage amount and also identified in box 14 See attached.2021 W-2 with Auto delineated.pdf
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Sage Construction & Real Estate

Payroll Calculation - Non cash taxable compensation.

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